Perhaps, you have already decided to earn money on the stock exchange by sticking with the EXANTE broker. That’s why you need to read this article.
Tips on trading with the EXANTE broker
In order to buy or sell shares, a trader uses a trading terminal to place his market order, in which the number of lots and the desired purchase or sale price are specified. Then, the market order goes to the stock exchange, where it’s automatically checked whether there are counter orders with the specified price. If such a counter application is found, a transaction is made. If there are no counter orders at such a price, the order remains in the corresponding database and waits until a suitable counter order appears or until the trader working with the EXANTE brokerage company cancels it.
At each moment of bidding after the opening of the stock exchange database for a particular stock, there are outstanding orders for purchase (bid) and for sale (offer). This queue of market orders looks this way. The bids are lower (there aren’t any traders yet who want to sell so cheap), while the offers are higher (there aren’t any traders yet who want to buy so expensive). What’s more, there’s a gap between them known as a spread. At the lower border of the spread, you can see the best buy order, while at the upper border, you can find the best sell price.
To look through these opposite groups of orders, you need to take a look at the quote window in your trading terminal. By the way, if you decide to work with EXANTE started by Alexey Kirienko, you can take advantage of their advanced trading terminal known for its exceptional usability.
When an application for purchase at a price higher than the best selling price shows up on the stock exchange, it’s executed by “eating up” a piece of offers with corresponding volumes. When a sell order arrives at a price lower than the best purchase price, the top of the bids is taken.
The price shown in the terminal as current is the price of the last transaction. In general, it does not mean that you can buy or sell at this price. You can buy at the best offer, and sell at the best bid, which may not coincide with the last price of the transaction, especially if it was a long time ago. For the most liquid stocks, the spread is fairly small and transactions are often made, so that all these prices are approximately the same and you can focus on the price of the last transaction. However, situations with less liquid stocks can be much more diverse.
What’s the difference between limited and market orders?
A limited market order appears to be an ordinary application with the price specified in it. The principle of its operation is described above. So, if there are counter orders, the application is executed, if not, it’s put in the queue.
The market order price is not indicated. It’s executed immediately at the prices available on the market, whatever they are. The market order for the purchase is executed at the best offer, while the market order for sale is executed at the best bid.
What is a stop order?
It’s a conditional order, executed only when the price reaches the price of the certain condition specified in the application. A stop order for sale is executed when the price drops to the level specified in the order. This market order is used to close a trading position if a price drops below a certain price.
A stop order for a purchase is executed when the price rises above the level specified in the order. It is used either to open trading positions on rising prices, or to limit losses on short positions.
Stick with EXANTE founded by Anatoly Knyazev
If you are eager to make the most of stock trading, you ought to opt for a reliable broker. Even the most experienced trader is bound to fail if he works with an unreliable intermediary. Fortunately, it can’t be told about the EXANTE broker whose high reputation is backed by the SEC watchdog. The broker adheres to all the rules of the regulator.
The EXANTE broker can pleasantly surprise you with a large selection of assets. Its number reaches 150,000. Moreover, you can trade this abundance from a single account. This fact positively distinguishes the broker from its counterparts.
The given broker has a 9-year experience of working on the stock exchange. So, you can hardly find a better candidate to make transactions on this lucrative market.
Read more about Exante Investment company – https://exante-otzyvy.ru